Brief: ForFarmers Underlying EBITDA Expected To Decline in H1

ForFarmers NV

02/05/2019 06:12

May 2 (Reuters) - FORFARMERS NV  FFARM.AS :
    * FORFARMERS N.V.: FIRST QUARTER 2019 TRADING UPDATE
    * UNDERLYING EBITDA IN FIRST HALF-YEAR 2019: EXPECTED
DECLINE OF
BETWEEN 30%-35%
    * STRONG DECLINE IN UNDERLYING EBITDA FOR Q1
    * IN THE FIRST HALF-YEAR 2019 UNDERLYING EBIT AND UNDERLYING
NET
PROFIT: EXPECTED DECLINE BETWEEN 55%-60%
    * UNDERLYING EBITDA, -EBIT AND -NET PROFIT FOR FULL YEAR
2019
EXPECTED TO BE LOWER THAN IN 2018
    * Q1 GROSS PROFIT: SMALL GROWTH, THROUGH ACQUISITIONS ALBEIT
OFFSET BY THE ADVERSE EFFECT OF THE PURCHASING POSITIONS
    * AS OF THE BEGINNING OF THE YEAR THERE ARE TEMPORARY
UNFAVOURABLE
PURCHASING POSITIONS
    * THIS RESULTED IN PRESSURE ON GROSS PROFIT AND UNDERLYING
EBITDA
ESPECIALLY IN THE NETHERLANDS, BELGIUM AND UNITED KINGDOM

Source text for Eikon:  ID:nGNE5h2mCP 
Further company coverage:  FFARM.AS 

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